Will Electric Cars Flame Out Or Power Our Future Driving Needs?
“Today, Fiat does not have the cash to gamble on electrics with little or no experience in the field. GM has been working on electric vehicles for decades with poor results. The Chevrolet Volt is a gamble but has a gasoline engine for back up.
The biggest reason for Chrysler not jumping into electric vehicles is lack of cash. Nissan is a small player in the United States and wants to raise its profile by having a ‘Halo Vehicle’ that entices buyers into the showroom, but the Nissan Leaf is a $32,000 toy with limited range.
“Advertising hype, plus large state and federal initiatives will add a spark to electric car sales, but the battery-powered technology that successfully rolls out on future roads will largely depend on competing automakers’ technological skills and financial resources.”
–Arthur Wheaton, senior extension associate at Cornell University’s ILR School
Media Contact
More Information:
http://www.cornell.eduAll latest news from the category: Business and Finance
This area provides up-to-date and interesting developments from the world of business, economics and finance.
A wealth of information is available on topics ranging from stock markets, consumer climate, labor market policies, bond markets, foreign trade and interest rate trends to stock exchange news and economic forecasts.
Newest articles
Red light therapy for repairing spinal cord injury passes milestone
Patients with spinal cord injury (SCI) could benefit from a future treatment to repair nerve connections using red and near-infrared light. The method, invented by scientists at the University of…
Insect research is revolutionized by technology
New technologies can revolutionise insect research and environmental monitoring. By using DNA, images, sounds and flight patterns analysed by AI, it’s possible to gain new insights into the world of…
X-ray satellite XMM-newton sees ‘space clover’ in a new light
Astronomers have discovered enormous circular radio features of unknown origin around some galaxies. Now, new observations of one dubbed the Cloverleaf suggest it was created by clashing groups of galaxies….
